FinPay makes it easy see the status of payments as it can present the segregated data of payments that are pending or received. It ensures quick collection of payment. FinPay works on the innovative business model called BOMT that is an innovation of Leo Technosoft. FinPay builds database of customers and their details, operates the reminders to be sent, markets the services of client by providing custom made solutions and services to them that are good for their business and lastly transforms the functioning of client businesses by smoothening the payment system.
Keeping the record of various customers and payments pending from them was tedious and time-consuming task for the busy schedule of Financial Payment. Customers are also often too busy to go to payment centre and make payments. FinPay application not only facilitates customers to make payments easily but also helps the service providers (those using FinPin) to compile the list of payments, segregate them on the basis of “pending”, “received” etc.
FinPay also makes it easy for the user to customize reminder mails regarding payments. The frequency of these mails can be decided and set on the basis of days, weeks, months or year. Mail has button for payment, clicking on which customers can sign up (or sign in) and make payment via credit card or e-cheques.
With FinPay, businesses can receive access to services which provide them with the reports and information helpful to them regarding better financial decisions while providing them with services to help them jump start new ventures.
About Financial Payment:
FinPay provides Software as a Service (SaaS) online payment platform that allows small businesses to help them get paid faster, as well as manage their customers and receivables more efficiently.
For further information on Financial Payment please visit: http://financialpayment.com/
About Leo TechnoSoft:
Set up in 2006, Leo TechnoSoft is an incubator for IT start-ups/Entrepreneurs to help cultivate their ideas into successful innovations using its unique trademarked model – BOMT (BUILD-OPERATE-MARKET-TRANSFER). The forte of Leo Technosoft also lies in efficient product development and services in cloud computing environment. Along with from these services, Leo Technosoft offers consultancy services to companies that want to build cloud computing facilities within their organizations.
For further information on Leo TechnoSoft, please visit: http://www.leotechnosoft.net/]]>
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The earlier model of BOT had its own set of pitfalls, some of them being:
• There is a profit element in the equity portion of the financing, which is higher than the debt cost. This is the price paid for passing of the risk to the private sector.
• It may take a long time and considerable up front expenses to prepare and close a BOT financing deal as it involves multiple entities and requires a relatively complicated legal and institutional framework. There the BOT may not be suitable for small projects.
• Tie-in effects arises, since the enterprise customer commits to work with a particular service provider (as in any class outsourcing model) and cannot escape for low switching costs until the service provider’s investment is amortized or recaptured.
• The standard of quality is not up to the mark as the sole purpose for the vendors is profit. In this process most start-ups get killed as the success ratio remains limited.
Leo TechnoSoft’s BOMT Model overcomes all these drawbacks and presents an improved version suitable for ISVs. This model is further elucidated below.
Phase I – Build
Appropriate infrastructure, facilities and team form the foundation of any project. We provide our client with a complete solution to establishing their own brand identity at a lower price than comparable traditional offshoring arrangements. All the details like the infrastructure, space to be allocated, hardware and software needs together with a team with the required set of skills are extensively worked on.
Phase II – Operate
Once the core entity has been established, Leo TechnoSoft provides a comprehensive set of operational management services ranging from development, QA and technical support to HR and staffing, accounting, payroll, legal, facilities and security. We run your operations with complete responsibility as per the decided objectives to ensure effective results. We represent the client in all forms of promotional activities and provide customer services to expand the market, acquire new customers, and gain more market share and revenue.
Phase III – Market
The third phase of Market is the crux exclusively offered by Leo TechnoSoft. We help to expand and then transfer organization in a healthy manner. Our USP lies in the fact that we set up model in a cost-to-cost manner. Our profit goes into expansion to be on board to investment in the company. Our involvement to make things happen just adds to the success factor.
Phase IV – Transform
After the new process to take forward your business has been established, the process ownership is subsequently transferred to you and it helps your business to raise next level of funding. Finally, what you get in return is an already operational facility that is backed by a team of experts.
“Transform” part of BOMT model also includes with necessary patents in relation to your business that you need to register. We help you achieve those registrations.
Leo TechnoSoft’s BOMT Model is bestowed with the following advantages:
• Aids to expand technology, innovation & idea.
• A lower cost is involved as we work cost-to-cost.
• Lower risk factor is drawn in as we ourselves share the risk.
• Faster Time to Market.
• Establish a permanent presence in the vital US market and position the company for future growth.
Leo TechnoSoft provides comprehensive IT solutions designed to streamline business processes and improve communication in the workplace. These solutions are enhanced with a range of consulting and integration services, besides software offerings. Their certified technical teams and experienced account managers work with clients to deliver innovative solutions to the most demanding IT challenges.
“Envisio IT is dedicated to bring best-of-breed IT solutions to our client base. We are confident that the inclusion of Envisio IT’s services and solutions into our offerings will deliver a new level of support for our client base and business sector. Whereas, Leo TechnoSoft’s services will build upon Envisio IT’s local market know-how, its existing US marketing and sales presence, and its extensive network of business relationships throughout the region. We look forward to working with Envisio IT to build an even stronger company in the future.” further added Satyen Jain.
About Leo TechnoSoft
Leo TechnoSoft is a technology partner specializing in building, serving, managing and extending technology on Cloud and SaaS environment having presence in India, US and Singapore. It partners with organizations, empowering them to attain cost effective product development in SaaS environment. With a global presence, Leo TechnoSoft is armed to meet client’s needs regardless of their location. This has made the organization a preferred partner-of-choice for small and medium sized companies looking for on-time delivery and high quality product development solutions.
For further information on Leo TechnoSoft, please visit: http://www.leotechnosoft.net/
It is important to take risks in any business endeavour. Every time investors and entrepreneurs fund a start-up, they take risk. Even business executives take risk every day when they take decisions about which services, products, people and ideas to advance within a company. No doubt, risk taking can be extremely profitable. However, excessive risk taking in the pharmaceutical industry can have devastating results. Most importantly, excessive risk taking compromises consumer safety. Numerous small- to mid-size pharmaceutical manufacturers have shut down due to product recalls, delays and enforcement actions by the Food and Drug Administration (FDA). Therefore, risk must always be tempered by caution in the pharmaceutical industry and the only way to do that is by using a robust pharmaceutical quality system founded on the latest FDA guidance.
Quality should never be an afterthought. Enforcing an effective quality system requires up-front costs and it is extremely important to put in place an effective quality system at the initial stages of product research and development as although the quest of quality is a costly line item on a business plan or financial statement, failure to enforce the same has even costlier effects on the bottom line.
According to the FDA’s latest guidance, an efficient pharmaceutical quality system should help check compliance with cGMPs by centring on:
The most recent guidance does not replace FDA’s previous regulations that necessitate every pharmaceutical quality system to incorporate Standard Operating Practices (SOPs), adequate training systems and personnel, and an efficient system for recordkeeping. In fact, the latest guidance is simply proposed to deal with advances in quality systems, risk management approaches and manufacturing technologies, developed since 1978. It is also directed at harmonizing the cGMPs with various extensively used quality management systems, together with the FDA’s medical device quality system regulations. The necessary framework required for implementing risk management efforts and continuous improvement in the drug manufacturing process, can be derived by developing a modern, quality system approach.
Although a culture of quality should pervade within the entire establishment, management plays a very crucial role in the design, productive functioning, management and implementation of a modern quality system. The management must express strong support for quality systems besides aligning the quality system plan with the organization’s strategic plan. Moreover, it’s necessary for senior executives of pharmaceutical manufacturers to promote internal communication regarding quality issues and to support the production, manufacturing and quality activities required for producing quality products.
So what exactly does a modern pharmaceutical quality system comprise? The modern pharmaceutical quality system basically has the following six subsystems:
The quality subsystem is the foundation for the other five manufacturing subsystems. It aids them to achieve compliance. Each of the six subsystems has an effect on the others and they all work jointly to systematically produce a quality product. However, it’s crucial to recognize that none of the subsystems individually equate to a functional group in a manufacturing facility or an organization. For instance, the Materials System doesn’t simply relate to warehouse personnel. It includes the warehouse personnel who obtain, store and handle and components and distribute final products, and also includes the buyers who purchase raw materials from qualified vendors; the manufacturing workers who ask for and receive components and transfer the final products to the warehouse. It also includes the quality assurance specialists who are in charge of component and lot release; and finally the quality control workers who do the sampling and testing of products and components.
Organizations with strong quality systems meet and exceed the cGMPs and also enjoy various other advantages, like better process and product understanding for improved decision making; ability to manage changes to prevent unintentional consequences; continuous improvement; minimized product variability; reduced costs due to fewer rejections, investigations and deviations; improved test method accuracy; minimized product costs and loss associated with disposal, scrap, recalls and rework; decreased labour costs related to automation of manufacturing processes; and reduced downtime with more dependable equipment and less repair interruptions.